Tuesday, 28 June 2011

CFA - Path to a bright finance career

The craze for IIMs is mainly due to the huge salaries they offer. In order to get a clear picture about the packages and stuff, I enquired with couple of my friends who graduated from IIMs. They said that only        5-10% of students actually end up with good salaries.
The students who end up with handsome salaries have very good profiles like..
i) They are among the top bunch of the class
ii) They are active in the clubs and activities of college. Organising fests, participating and winning in B-School events and competetions, being a placecomm member etc
ii) Have a very good past work experience. Say managed a consultancy or started own firm or business
iv) Cleared global financial certifications like CFA, FRM etc

A person who cleared all the three levels of CFA and has done MBA from top B-School would get job profiles like Equity Research, Investment Banks, Portfolio Mgmt.
Overview of CFA:The CFA Program includes a series of three exams that are offered in test centers around the world. These three exams — Level I, Level II, and Level III  must be passed sequentially for earning a CFA charter.
The Level I exam consists of multiple choice questions and is offered in June and December.
The Level II exam is composed of item set questions and is offered in June only.
The Level III exam consists of item set and essay questions and is offered in June only.

Generally Bangalore, Mumbai and New Delhi are centres in India for CFA exams. Passport is compulsory for enrollment and registration for the exam. The approximate fees for enrolment for Level 1 exam is 50000Rs.

FOCUS:
Level1 :- Finance Foundations
Level2 :- Investment Analysis
Level3 :- Portfolio Management


December 2011 Exam Schedule (Level I only)
Mid-January:        December exam registration opens
Mid-March:         First deadline to enroll and register for the December exam
Mid-August:         Second deadline to enroll and register for the December exam
Mid-September:   Final deadline to enroll and register for the December exam
3-4 Dec:              Exam days

June 2012 Exam Schedule (Levels I, II, and III)
Mid-July:              June exam registration opens
Mid-September:   First deadline to enroll and register for the December exam
Mid-February:      Second deadline to enroll and register for the December exam
Mid-March:          Final deadline to enroll and register for the December exam
4-5 June:              Exam days

Piece of advice for those who want to register to L1:
Go through schweser notes( easily available on the net) before registering just to check up whether you are interested in studying/reading for L1
Start your preparations early

Institutes that offer CFA training:
1) Pristine Careers
http://www.edupristine.com/
2) P.A.C.E (Finance Training Solutions)
http://www.pacegurus.com/
3) Ace3Levels
 http://ace3levels.com/

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